Remortgaging Your Home in Manchester
If you’re looking to remortgage a house or other property then you’ve come to the right place. Manchester Mortgages are specialists in the provision of remortgage products throughout Manchester.
A remortgage is when you change from your existing lender to a new lender whereas a product transfer is when you change to a new product with an existing lender. Manchester Mortgages are specialists in the provision of remortgage products.
This may be done for various reasons such as you may be looking to raise additional money for other purposes such as debt consolidation, home improvements, a deposit for property purchase or if your existing lender is unable to assist.
With a remortgage the new lender usually offers a free standard valuation of your house / property and will nominate a solicitor to deal with the legal formalities at no cost to you (unless the names on the mortgage have to be amended).
So should you go for a Product Transfer or a Remortgage ?
Confused ? – Don’t be – At Manchester Mortgages we are able to research the whole of the market (as well as your existing lender) to advise what is the best solution for you in your circumstances.
Looking to Remortgage? – Get our Free eBook – We know getting a mortgage can be a stressful and complicated business, so we’ve produced this handy 8 page guide to help you understand the mortgage borrowing process. Written in a simple and easy to understand manner, we explain:
- How to determine how much money you can borrow
- What criteria lenders use to asses your application
- Notes for self-employed, company directors, or people with poor credit histories
> To download our free guide, just click the icon to the right.
To discuss your personal mortgage requirements please ring us on 0161 706 0242 for an informal free chat or complete and send the Contact Us Form
- A re-mortgage case study involving consolidating £40k of debt and changing an interest only mortgage to repayment.
- Dramatic debt consolidation case study where we save our clients over £400 per month
Once you have a mortgage and your initial interest rate ends you will revert to the lender’s standard variable rate which can sometimes mean an increase in the monthly payment.
By reviewing your mortgage 2 to 3 months before the end of the rate period you can usually find a better rate than the lender’s standard variable rate.
But where do you start to look ?
If you currently have a mortgage with either the Halifax or Virgin Money then please read this important information now.
Dependent on lender, you may be offered a transfer to another rate that is more competitive than remaining on their Standard Variable Rate.
However, at the moment dependent on who your existing lender is, it could take up to 6 weeks to get a telephone interview / or face to face interview in branch to discuss your expiring deal, and some high street lenders are not even able to offer further advice.
Manchester Mortgages has access to many of the high street lenders’ mortgage systems and we are therefore able to advise and apply for a Product Transfer on your behalf without you having to worry about trying to sort your mortgage out in 6 weeks’ time and have the added problem of potential of increased mortgage payments if you have to revert back to the lender’s Standard Variable Rate.
More information about Remortgaging your house with Manchester Mortgages…
Remortgaging in Manchester with a poor credit history
This remortgage example saves our client in Monton, Eccles £900 per month
In this example our Wythenshawe client raises £11,000 by remortgaging
What are the benefits of remortgaging in Manchester ?
Worsley home remortgage when not in full time employment
For more great advice see Manchester Mortgage’s Help and Advice page
Manchester Mortgages is a trading name of Mortgages 4U (North West ) Limited which is authorised and regulated by the Financial Conduct Authority (FCA register number 301076).
Registered in England & Wales No. 4729252. Registered office: Suite 8 Moorfield House, 2a Moorside Road, Swinton, Manchester M27 0EW
Your home or property may be repossessed if you do not keep up repayments on your mortgage.